Jeremy Woolf (Pump Court Tax Chambers) answers questions on the continuing relevance of EU law on VAT interpretation after Brexit.
VAT is a European tax. So the first question that arises is...
Does EU law remain relevant to VAT post-Brexit?
The simple answer is that EU law may remain relevant. However it may be relevant in a more limited manner than when the United Kingdom was a member of the European Union. This is for essentially three reasons. The first is that it is now open to Parliament to override EU law when this was not previously the position. The second is that the Higher Courts now have an ability to depart from rulings of the Court of Justice of the European Union (CJEU) when they were previously bound by such judgments. The third is that EU law is now only partially incorporated into UK law. The...
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Jeremy Woolf (Pump Court Tax Chambers) answers questions on the continuing relevance of EU law on VAT interpretation after Brexit.
VAT is a European tax. So the first question that arises is...
Does EU law remain relevant to VAT post-Brexit?
The simple answer is that EU law may remain relevant. However it may be relevant in a more limited manner than when the United Kingdom was a member of the European Union. This is for essentially three reasons. The first is that it is now open to Parliament to override EU law when this was not previously the position. The second is that the Higher Courts now have an ability to depart from rulings of the Court of Justice of the European Union (CJEU) when they were previously bound by such judgments. The third is that EU law is now only partially incorporated into UK law. The...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
